FBMKLCI
1797.68ts -0.06pts (-0.00%)
Volume 1.375b Value RM1.822b
1) The KLCI spurt to trade above the 1800 level after
Japan's ruling party won a majority in parliament's upper house over the
weekend but the index retreated in the late afternoon to close at par. In the
regional market, SHCOMP +0.61% stocks swung between gains and losses after
Beijing removed a floor on Banks's lending rate which will benefit smaller SMEs
in the country. In the local market, Technology Index -1.18% loss the most
grounds after the NASDAQ -0.66% was weighed down by weaker results from Microsoft
-11.4% and other tech companies, stocks that fell with a larger volume were JCY
-2.65%, D&O -8.26%, UNISEM -0.95%, and CENSOF -1.77%. Market breadth was
negative with losers beating gainers by 426 : 385. Futures closed 1801.5pts (4
pts premium).
2) Heavyweights : TENAGA -0.968% RM9.21, GENTING -0.90%
RM9.90, BAT -1.35% RM59.78, YTL -1.21% RM1.63, AXIATA +0.74% RM6.83, IHH +1.99%
RM4.09, GENM +1.03% RM3.90, DIGI +0.65% RM4.63
3) DBT : MQTECH
24.206mil @ RM0.08 (10.49% PUC @ 28% discount), MASTEEL 7mil @ RM1.04 (3.2% PUC
@ 8.8% discount), PANTECH 6mil @ RM1.05 ( 1.11% PUC @ 5.5% discount)
4) Situational:-
CUSCAPI + 6.02% RM0.44 - Cuscapi announced the Securities
Commission Malaysia has approved the company's proposed transfer to the Main
Board. Cuscapi chief executive officer Her Chor Siong says that the company's
proposed migration to the Main Market is timely now that the group has
successfully gained a strong foothold in overseas markets. The company
currently has nine direct offices in high-growth regions of China and Asean. It
also has 21 partners across nine countries from Asia-Pacific to the Middle
East. Among Cuscapi's major clients are established global F&B brands such
as Kentucky Fried Chicken, McDonald's, Tony Roma's, Taco Bell and Dairy Queen,
as well as regional brands such as Chowking, Yoshinoya, Food Republic and
BreadTalk.
5) DELEUM
Announce that
Deleum Oilfield Services Sdn. Bhd., a wholly-owned subsidiary of Deleum, had
received letters of awards from PETRONAS Carigali Sdn Bhd, Newfield Peninsula
Malaysia Inc., Newfield Sarawak Malaysia Inc., Newfield Sabah Malaysia Inc.,
ExxonMobil Exploration and Production Malaysia Inc and Petrofac Limited under a joint tender exercise for the
provision of slickline equipment and services for PSC operators' drilling
programs and production operations. +ve
6) Market - The KLCI is expected to take a breather
having touched a new high as it consolidates around the 1780pts levels before
pushing above the 1800pts levels decisively. This will be a good opportunity to
lock in some gains from recent heavyweight performers such as MISC with buy
back levels around the RM5.30 levels.